CLOSING JIG

Markets close near the high with the DJIA +180, NAZ +54 and SPX +18. RUT/NDX/TECH led the way with all being up more than 2%.

Strongest sectors- exactly what the bulls (cept financials) wanted to see- oils, metals, semis, telecom, tech, small caps, emerging markets and internets while gaming, financials and utils lagged.

Key stocks- 30/40 GREEN led by - BIDU RIMM DECK MTW AMZN NVDA ISRG AAPL KLAC SMH and GOOG- while WYNN BG LVS TIF KO POT NYX GS PG MS were red;

NYSE -1,000 net losers;

NAZ- 1,300 net losers;

NDX- 85 WINNERS;

OEX- 80 WINNERS;

IBD 100- 80 WINNERS;

WINNERS- AA ROK ATI SLB HAL AXP BHI VRTX AMAT BIDU RIMM CDNS JNPR LINTA DISCA CMED TTES MXB RIMM MORN AGU HDB SID MTW AAPL SMH DECK;

OIH recovered over 4% and that is probably a good place to buy on pullbacks.

And we moved above SPX 1,360 and the next level of resistance is at/near 1,390 SPX and 12,620 DJIA (38.2 FIB).

So who believes Roger or the lying facts?